AML, Terrorist Financing & Financial Crime Update

Introduction

There is an ever-increasing burden on businesses to address the risk of economic crime.

In addition to the obligations imposed on the regulated sector to address the risk of money laundering and terrorist financing, both regulated and unregulated businesses have statutory responsibilities to address a range of other risks including fraud, bribery and sanctions legislation.

The growing body of economic crime legislation and substantial penalties imposed for non-compliance makes financial crime risk one that no business can afford to ignore.

This practical seminar will explore the key areas of corporate financial crime risk, what the legislation covers, the main criminal offences and which businesses and activities they apply to.

Expert speaker Laurence Howland will discuss recent criminal and regulatory prosecutions and what lessons should be learned from these.

Consideration will also be given to what your company’s mandatory obligations are under UK legislation and Laurence will offer practical tips on how to go about meeting those obligations, making this seminar ideal for compliance and finance staff, MLROs, MLCOs and finance directors.

What You Will Learn

This course will cover the following:

• The money laundering and terrorist financing offences
• The significance of proliferation finance
• Financial sanctions
• Reporting obligations
• The concept of ‘failure to prevent’ and the corporate offences:
• Bribery
• Tax evasion
• Economic crime and fraud
• Employee fraud and the identification doctrine
• Managing risk using the ‘six guiding principles’
• Prosecution examples and case studies
• Practical exercises applying key learning
• Emerging economic crime threats